American Century STOXX U.S. Quality Value ETF
ALTAR
Score™
9.0% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
13.7x P/Sales
ratio
0.9x
P/BV
ratio
2.3x Div.
yield
2.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
VALQ tracks an index of US large-cap companies with value and income characteristics.

FUND BASICS
Category US Equities
Fund Sponsor American Century
Website ipro.americancentury.com
Inception date Jan 11, 2018
Assets (mns) $134
Currency USD
Expense ratio 29 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Tiered
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 242
Wgt avg mkt cap (mns) $124,535
Large cap (>$10bn) 74.5%
Mid cap ($2-10bn) 25.5%
Small cap (<$2bn) 0.0%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
TARGET CORP 2.7 %
KROGER CO 2.5 %
BIOGEN IDEC INC 2.0 %
FEDEX CORP 1.9 %
APPLE INC 1.9 %
ALPHABET INC. CLASS C 1.9 %
UNITED PARCEL SERVICE-CL B 1.8 %
CHECK POINT SOFTWARE TECH 1.8 %
INTL BUSINESS MACHINES CORP 1.7 %
AT&T INC 1.7 %
Total 19.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.4 %
BRITAIN 3.0 %
ISRAEL 1.8 %
IRELAND 0.8 %
BERMUDA 0.3 %
PUERTO RICO 0.2 %
CAYMAN ISLANDS 0.2 %
CHINA 0.2 %
ARGENTINA 0.2 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.8% 1.8% -- -- 0.3%

Market Correlations
versus... Beta R-squared
S&P500 1.00 94%
MSCI EAFE 1.05 86%
MSCI Emg. Mkts. 0.76 69%

Technical Indicators
Recent close $37.60
30d moving avg. $38.14
Annualized volatility 19.1%
Short interest (ETF) 0.1%
Relative strength (RSI) 42

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.1%
Bid/Ask (% of price) 0.24%
ADV underlying (mns) $7,972

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the American Century STOXX U.S. Quality Value ETF ETF based on the alternatives' overlap in portfolio holdings with VALQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VALQ Expense: 29 bp ALTAR Score™: 9.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VALQ
Ticker Fund
Name
Overlap1
vs VALQ
(%)
Expense
ratio
(bp)
Savings
vs VALQ
(bp)
ALTAR
Score™
(%)
ALTAR
vs VALQ
(%)
ROUS Hartford Multifactor US Equity ETF 38.5 19 10 6.5 -2.6
FNDX Schwab Fundamental U.S. Large Co. Index ETF 37.4 25 4 7.3 -1.7
RWL Invesco S&P 500 Revenue ETF 37.1 39 -10 7.4 -1.7
JVAL JPMorgan U.S. Value Factor ETF 36.3 12 17 8.9 -0.2
IUS Invesco Strategic US ETF 36.2 19 10 7.0 -2.0
PRF Invesco FTSE RAFI US 1000 ETF 36.1 39 -10 7.2 -1.8
FNDB Schwab Fundamental U.S. Broad Market Index ETF 36.0 25 4 7.3 -1.8
FLQL Franklin LibertyQ U.S. Equity ETF 34.8 15 14 6.2 -2.8
VLU SPDR S&P 1500 Value Tilt ETF 33.7 12 17 7.6 -1.5
DIVB iShares U.S. Dividend & Buyback ETF 33.3 25 4 7.1 -1.9
VOOV Vanguard S&P 500 Value ETF 33.1 10 19 7.3 -1.7
IUSV iShares Core S&P U.S. Value ETF 32.9 4 25 7.5 -1.6
IVE iShares S&P 500 Value ETF 32.8 18 11 7.2 -1.8
FVAL Fidelity Value Factor ETF 32.8 29 0 8.4 -0.6
SPYV SPDR Portfolio S&P 500 Value ETF 32.7 4 25 7.4 -1.7
EPS WisdomTree U.S. Earnings 500 Fund 32.6 8 21 7.1 -1.9
LRGF iShares Edge MSCI Multifactor USA ETF 32.5 20 9 7.7 -1.3
DTD WisdomTree U.S.Total Dividend Fund 32.4 28 1 7.1 -1.9
USDY Pacific Global US Equity Income ETF 32.3 29 0 7.2 -1.8
EXT WisdomTree U.S. Total Earnings Fund 32.3 28 1 6.0 -3.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 32.1 29 0 6.3 -2.8
DLN WisdomTree U.S. LargeCap Dividend Fund 32.1 28 1 7.0 -2.1
RAFE PIMCO RAFI ESG U.S. ETF 32.1 29 0 7.6 -1.4
VTV Vanguard Value Index Fund 32.0 4 25 7.4 -1.6
VLUE iShares Edge MSCI USA Value Factor ETF 31.9 15 14 11.5 +2.5
DYNF BlackRock U.S. Equity Factor Rotation ETF 31.9 30 -1 6.6 -2.5
RSP Invesco S&P 500 Equal Weight ETF 31.9 20 9 6.6 -2.5
RNLC Large Cap US Equity Select ETF 31.7 60 -31 6.3 -2.7
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 31.5 35 -6 5.8 -3.3
JHML John Hancock Multifactor Large Cap ETF 31.3 29 0 5.9 -3.1
CFA VictoryShares US 500 Volatility Weighted Index ETF 31.1 35 -6 5.8 -3.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 31.1 9 20 6.1 -2.9
QUS SPDR MSCI USA StrategicFactors ETF 31.0 15 14 6.2 -2.9
AFLG First Trust Active Factor Large Cap ETF 30.7 55 -26 6.3 -2.8
JPUS JPMorgan Diversified Return U.S. Equity ETF 30.7 18 11 6.2 -2.8
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 30.6 17 12 6.4 -2.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 30.5 19 10 6.7 -2.4
SCHV Schwab U.S. Large-Cap Value ETF 30.4 4 25 7.1 -1.9
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 30.3 17 12 6.5 -2.6
SCIU Global X Scientific Beta US ETF 29.8 19 10 6.0 -3.1
ONEO SPDR Russell 1000 Momentum Focus ETF 29.6 20 9 6.4 -2.6
FTA First Trust Large Cap Value AlphaDEX Fund 29.5 60 -31 9.3 +0.3
VYM Vanguard High Dividend Yield Index ETF 29.3 6 23 7.5 -1.6
PBP Invesco S&P 500 BuyWrite ETF 29.2 49 -20 5.6 -3.4
AVUS Avantis U.S. Equity ETF 29.2 15 14 6.1 -2.9
MGV Vanguard Mega Cap Value ETF 29.1 7 22 7.2 -1.8
DGRO iShares Core Dividend Growth ETF 28.8 8 21 6.9 -2.1
SPXN ProShares S&P 500 Ex-Financials ETF 28.8 27 2 5.7 -3.3
HSPX Global X S&P 500 Covered Call ETF 28.8 60 -31 5.5 -3.5
IWD iShares Russell 1000 Value ETF 28.7 19 10 6.9 -2.1
IVV iShares Core S&P 500 ETF 28.7 3 26 6.0 -3.0
XYLG Global X S&P 500 Covered Call & Growth ETF 28.7 60 -31 5.6 -3.4
SPY SPDR S&P 500 ETF Trust 28.7 9 20 6.0 -3.1
SPLG SPDR Portfolio Large Cap ETF 28.6 3 26 6.0 -3.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 28.6 20 9 6.0 -3.1
VONV Vanguard Russell 1000 Value Index Fund 28.5 8 21 7.0 -2.0
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 28.4 15 14 7.0 -2.0
VOO VANGUARD S&P 500 ETF 28.4 3 26 6.0 -3.0
SPXE ProShares S&P 500 Ex-Energy ETF 28.4 27 2 6.0 -3.1
ESGU iShares MSCI USA ESG Optimized ETF 28.4 15 14 5.7 -3.4
VUSE Vident Core US Equity Fund 28.4 48 -19 9.0 -0.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 28.3 9 20 6.0 -3.0
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 28.3 29 0 6.9 -2.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 28.2 7 22 5.9 -3.2
SPTM SPDR Portfolio Total Stock Market ETF 28.1 3 26 6.1 -3.0
FAB First Trust Multi Cap Value AlphaDEX Fund 28.1 71 -42 10.0 +1.0
PBUS Invesco PureBeta MSCI USA ETF 28.0 4 25 5.9 -3.2
COWZ Pacer US Cash Cows 100 ETF 28.0 49 -20 10.6 +1.6
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 28.0 25 4 6.8 -2.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 27.9 2 27 5.9 -3.2
GBLO Global Beta Low Beta ETF 27.9 29 0 6.9 -2.2
SCHK Schwab 1000 Index ETF 27.7 5 24 5.8 -3.2
RNDV US Equity Dividend Select ETF 27.7 50 -21 8.0 -1.0
SCHX Schwab U.S. Large-Cap ETF 27.7 3 26 5.9 -3.2
IWB iShares Russell 1000 ETF 27.6 15 14 5.6 -3.4
EUSA iShares MSCI USA Equal Weighted ETF 27.6 15 14 6.2 -2.9
JQUA JPMorgan U.S. Quality Factor ETF 27.6 12 17 5.6 -3.5
IYY iShares Dow Jones U.S. ETF 27.5 20 9 5.7 -3.4
VFVA Vanguard U.S. Value Factor ETF 27.5 14 15 11.3 +2.2
VONE Vanguard Russell 1000 ETF 27.4 8 21 5.7 -3.3
VV Vanguard Large-Cap Index Fund 27.3 4 25 5.8 -3.3
SIZE iShares Edge MSCI USA Size Factor ETF 27.3 15 14 6.1 -2.9
ONEV SPDR Russell 1000 Low Volatility Focus ETF 27.2 20 9 7.0 -2.1
VTHR Vanguard Russell 3000 Index Fund 27.1 10 19 5.6 -3.5
STLV iShares Factors US Value Style ETF 26.9 25 4 7.2 -1.8
SPXT ProShares S&P 500 Ex-Technology ETF 26.9 27 2 5.5 -3.5
FEX First Trust Large Cap Core AlphaDEX Fund 26.9 60 -31 6.0 -3.0
EQWL Invesco Russell Top 200 Equal Weight ETF 26.9 25 4 6.2 -2.9
MGC Vanguard Mega Cap Index Fund 26.8 7 22 5.9 -3.2
DSTL Distillate US Fundamental Stability & Value ETF 26.8 39 -10 6.9 -2.2
IWV iShares Russell 3000 ETF 26.8 20 9 5.5 -3.6
JDIV JPMorgan U.S. Dividend ETF 26.7 12 17 7.9 -1.2
SCHB Schwab U.S. Broad Market ETF 26.7 3 26 5.7 -3.3
RECS Columbia Research Enhanced Core ETF 26.6 15 14 6.5 -2.6
QDF FlexShares Quality Dividend Index Fund 26.6 37 -8 6.9 -2.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 26.6 3 26 5.7 -3.4
ESGV Vanguard ESG U.S. Stock ETF 26.3 12 17 5.8 -3.2
SFY SoFi Select 500 ETF 26.2 0 29 5.5 -3.5
QLC FlexShares US Quality Large Cap Index Fund 26.0 32 -3 5.9 -3.1
REVS Columbia Research Enhanced Value ETF 26.0 19 10 7.5 -1.6

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
American Century STOXX U.S. Quality Value ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 19.4 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 9.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 CATEGORY
AVERAGE
1.51
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.